Quote:
Originally Posted by ZenkiKid
House prices right now especially in Socal are outrageous.
Homes in older lower income areas are hovering around $400k.
Newer homes in more suburban established areas are over half a mill.
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Unfortunately the fed has raise the rates, as well as the Trump election win really driving up rates, and home prices have not come down. I don't see there being this huge drop in home prices like everyone was saying would happen when rates went up. I work as a lender, and home purchases have not slowed down that much despite the 30yf rate going up almost 1% in just 6 months.
Have you thought about starting off in a smaller condo? These are considerably more affordable for a first time home buyer